RIM settles NTP lawsuit for $450 million

Research In Motion has settled its remaining differences with its legal nemesis, NTP, paying $450 million for the privilege, the erstwhile adversaries revealed today.

In return, NTP will not only suspend the patent infringement litigation it brought against RIM but grant the Canadian firm - and, crucially, RIM’s customers - "unfettered" access to the technology it owns. RIM has the right to sub-license NTP’s intellectual property. A licensing agreement that puts all this in black and white will be drawn up in the coming weeks.

Read the complete story . (The Register)